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Managed futures strategies slumped to their worst month of the year in September, with trend-following hedge funds caught out by sharp reversals in momentum across several markets and asset classes.
CTAs, which aim to profit from various trends across equities, commodities, currencies and fixed income through futures and derivatives trading, were hit by the sudden retreat from record stock market highs and US dollar weakness last month, Société Générale said on Tuesday.
Following a mixed first half of the year, the sector had started to gather pace over the summer, with July proving their best month so far. But September’s
Fintech company, Gold-i has partnered with Aqua Digital Rising, a new alternative asset investment platform that allows people to invest in indices based on human beings.Gold-i is integrating Aqua Digital Rising into its Matrix multi-asset liquidity management platform, enabling brokers to diversify by adding a new asset class, human beings, which can be traded as CFDs. Aqua Digital Rising is on track to launch in January 2021, offering the opportunity to trade on the success of individuals, from sports people and celebrities through to social media influencers and politicians.
Tom Higgins, CEO, Gold-i, says: “I have always been motivated
The hedge fund industry has welcomed a decision by the European Union to remove the Cayman Islands – a major offshore domicile for the global hedge fund industry – from a tax haven blacklist.
The Alternative Investment Management Association, the hedge fund industry’s global trade body, said the move was “good news” for the international alternative asset management community.
In February, the Economic and Financial Affairs Council (ECOFIN) – which comprises the 27 EU member states’ finance and economics ministers – agreed to add Cayman to an EU list of ‘non-cooperative’ tax jurisdictions.
The decision was made despite Cayman being
Hedge fund short sellers have rebounded with a GBP418 million (USD542.6 million) gain from negative bets against FTSE 100-listed companies – just a month after losing almost the same amount from wayward shorts in UK blue-chip stocks.
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has launched SmartStream Air version 2.Read the full story at Institutional Asset Manager…
Maitland, a global corporate services and administration firm, has made two senior hires: Neil Montgomery as Senior Manager – Corporate Services Compliance; and Alun Josias as Head of Finance – Corporate and Manco Services.Montgomery’s appointment is a promotion from his previous role as Global Tax Reporting Manager at Maitland. In his new capacity, he will be responsible for the Compliance Function of the Corporate and Manco Services business unit, in addition to being the compliance country lead for the Corporate Services division in South Africa.
Josias will be responsible for the finance function of Maitland’s Corporate and Manco Services business
BTIG announced has appointed Daniel Ryan as a Managing Director in the firm’s Outsource Trading division. Read the full story at Institutional Asset Manager…
Indus Valley Partners (IVP), a provider of technology solutions and services to the buy side, is seeing an accelerated adoption of a digital-first operating model among its client base of 140-plus global asset managers.Read the full story at Institutional Asset Manager…
The Covid-19 crisis is sharpening the appetite among European investors for alternative investments such as real estate, private equity, venture capital, hedge strategies, precious metals, infrastructure debt, and currencies.Read the full story at Institutional Asset Manager…
Truss Edge, a specialist technology and consulting business that supports the middle and back offices of fund managers, has made further improvements to its existing software architecture. The latest update for the company’s software for hedge fund and ETF middle and back office operations has been designed to help investment and risk teams by delivering a higher level of quality information.
Accuracy and timeliness of data are essential components of successful risk management in current fund management operations.
Jay Duffy, CEO of Truss Edge, says: “We have enhanced the speed and efficiency of our systems with this new release.
